IPG Photonics Corporation (NASDAQ:IPGP) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Monday.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity lowered shares of IPG Photonics Corporation from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, July 18th. Benchmark Co. restated a “buy” rating and issued a $180.00 price objective on shares of IPG Photonics Corporation in a report on Wednesday, August 2nd. Longbow Research raised shares of IPG Photonics Corporation from a “neutral” rating to a “buy” rating and set a $175.00 target price for the company in a research note on Tuesday, June 6th. Stifel Nicolaus raised their target price on shares of IPG Photonics Corporation from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Friday, June 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $182.00 target price (up from $160.00) on shares of IPG Photonics Corporation in a report on Tuesday, August 1st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $150.25.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) traded up 0.92% on Monday, reaching $186.76. The company’s stock had a trading volume of 231,560 shares. The company’s 50 day moving average price is $175.43 and its 200 day moving average price is $148.00. IPG Photonics Corporation has a 12-month low of $81.00 and a 12-month high of $187.73. The company has a market cap of $10.05 billion, a P/E ratio of 31.28 and a beta of 1.68.

IPG Photonics Corporation (NASDAQ:IPGP) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 EPS for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.28. The firm had revenue of $369.37 million for the quarter, compared to analysts’ expectations of $333.06 million. IPG Photonics Corporation had a net margin of 26.84% and a return on equity of 19.75%. The company’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 EPS. Analysts forecast that IPG Photonics Corporation will post $6.64 EPS for the current fiscal year.

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In related news, SVP Alexander Ovtchinnikov sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $160.30, for a total transaction of $1,923,600.00. Following the completion of the sale, the senior vice president now owns 83,595 shares of the company’s stock, valued at $13,400,278.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Eugene A. Shcherbakov sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $154.28, for a total transaction of $1,311,380.00. Following the sale, the senior vice president now directly owns 16,957 shares of the company’s stock, valued at approximately $2,616,125.96. The disclosure for this sale can be found here. Insiders sold 62,017 shares of company stock valued at $10,070,761 over the last ninety days. Corporate insiders own 33.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its stake in IPG Photonics Corporation by 535.8% during the 1st quarter. Prudential Financial Inc. now owns 144,187 shares of the semiconductor company’s stock valued at $17,403,000 after purchasing an additional 121,510 shares during the last quarter. Morgan Stanley raised its stake in shares of IPG Photonics Corporation by 31.8% in the first quarter. Morgan Stanley now owns 247,448 shares of the semiconductor company’s stock worth $29,867,000 after purchasing an additional 59,731 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of IPG Photonics Corporation by 5.3% in the second quarter. Eagle Asset Management Inc. now owns 759,708 shares of the semiconductor company’s stock worth $110,233,000 after purchasing an additional 37,918 shares during the last quarter. Legal & General Group Plc raised its stake in shares of IPG Photonics Corporation by 131.0% in the first quarter. Legal & General Group Plc now owns 22,963 shares of the semiconductor company’s stock worth $2,772,000 after purchasing an additional 13,023 shares during the last quarter. Finally, Virginia Retirement Systems ET AL raised its stake in shares of IPG Photonics Corporation by 81.0% in the second quarter. Virginia Retirement Systems ET AL now owns 7,600 shares of the semiconductor company’s stock worth $1,103,000 after purchasing an additional 3,400 shares during the last quarter. 59.07% of the stock is currently owned by institutional investors and hedge funds.

About IPG Photonics Corporation

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

Analyst Recommendations for IPG Photonics Corporation (NASDAQ:IPGP)

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